Gary Barnett Net Worth (Updated 2025).

Gary Barnett, a name synonymous with real estate success, began his career in the 1970s, working for a small construction company in New York City. He quickly demonstrated his talent for identifying potential in overlooked properties, a skill that would become his signature. Barnett’s big break came in the late 1980s when he purchased the dilapidated Ritz Plaza Hotel at a distressed sale. With a vision for its potential, he transformed it into the luxurious Ritz-Carlton New York, Battery Park, launching his reputation as a master of high-end real estate development.

Gary Barnett’s Current Net Worth (2025)

As of 2025, Gary Barnett’s net worth is estimated to be around $3.5 billion, according to recent reports. This significant figure reflects his successful career in the real estate industry.

Career

Gary Barnett, a prominent figure in the real estate industry, is the founder and CEO of Extell Development. He has been instrumental in developing some of New York City’s most iconic skyscrapers, including One57 and Central Park Tower. Barnett’s career spans over three decades, during which he has transformed the city’s skyline with his innovative and ambitious projects.

Other Ventures

Beyond his real estate endeavors, Barnett has also ventured into other business areas. He is a co-owner of the New York Knicks, demonstrating his interest in sports. Additionally, he has invested in various tech startups, showcasing his forward-thinking approach to business.

Assets

Barnett’s assets include a diverse portfolio of luxury residential and commercial properties in New York City. His most notable assets are the aforementioned One57 and Central Park Tower, both of which are among the tallest residential buildings in the city. Barnett also owns several other high-end properties, including the Park Lane Hotel and the Mandarin Oriental, New York.

Annual Income

Gary Barnett’s annual income is substantial, primarily derived from his real estate developments and investments. However, the exact figure is not publicly disclosed. According to estimates, his annual income could be in the range of tens of millions of dollars, given the scale and success of his projects.

Frequently Asked Questions about  Gary Barnett

Frequently Asked Questions: Gary Barnett Net Worth

1. What is Gary Barnett’s net worth?

Gary Barnett’s net worth is estimated to be around $3 billion.

2. How did Gary Barnett make his fortune?

Gary Barnett made his fortune through real estate development. He is the founder and chairman of Extell Development Company, which has developed numerous high-profile properties in New York City.

3. What is Extell Development Company?

Extell Development Company is a real estate development firm founded by Gary Barnett in 1989. The company is known for developing luxury residential and commercial properties in New York City.

4. Which are some of the most notable projects by Extell Development Company?

Some of the most notable projects by Extell Development Company include One57, a supertall skyscraper on Billionaires’ Row in Manhattan, and Central Park Tower, the tallest residential building in the world.

5. Where was Gary Barnett born and raised?

Gary Barnett was born and raised in Israel. He moved to the United States in the 1970s to pursue his career in real estate.

6. What is Gary Barnett’s educational background?

Gary Barnett graduated from the Technion – Israel Institute of Technology with a degree in architecture and town planning.

7. When was Extell Development Company founded?

Extell Development Company was founded by Gary Barnett in 1989.

8. What is Gary Barnett’s role at Extell Development Company?

Gary Barnett serves as the chairman and founder of Extell Development Company. He is actively involved in the company’s operations and strategic decision-making.

9. What is Gary Barnett’s philanthropic work?

Gary Barnett is known for his philanthropic work, particularly in supporting Jewish causes. He has donated to various organizations, including the Jewish National Fund and the Simon Wiesenthal Center.

10. What is Gary Barnett’s approach to real estate development?

Gary Barnett is known for his aggressive and ambitious approach to real estate development. He often takes on high-profile, complex projects and has been a significant player in shaping New York City’s skyline.